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Cake day: July 8th, 2023

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  • Do you like Huey Lewis & The News? Their early work was a little too ‘new-wave’ for my taste, but when ‘Sports’ came out in '83, I think they really came into their own – both commercially and artistically. The whole album has a clear, crisp sound, and a new sheen of consummate professionalism that really gives the songs a big boost. He’s been compared to Elvis Costello, but I think Huey has a far more bitter, cynical sense of humor. In '87, Huey released this, ‘Fore’, their most accomplished album. I think their undisputed masterpiece is ‘Hip to Be Square’, a song so catchy most people probably don’t listen to the lyrics – but they should! Because it’s not just about the pleasures of conformity, and the importance of trends, it’s also a personal statement about the band itself!








  • first of all it’s the central bank that controls money supply, which is independent from the government.

    Michael Hudson on the Federal Reserve System

    Congress constitutionally has the power of the purse, and the it’s the US Treasury that creates money[1]. When Congress created JP Morgan’s Federal Reserve, it partially cede its monetary sovereignty to the cartel of private US banks, and it can destroy the Federal Reserve in the same way that it created it, with the stroke of the pen.

    even if the government could magically create all the money it needs to pay its debt, without borrowing more, it would completely devalue the dollar.

    I see that you didn’t engage with the materials that I provided. Someone always says this, which is why I provided information on precisely this in my link about hyperinflation.


    1. There’s a second way that money is created: Congress deputized the private banks to create money out of thin air in the form of debt, meaning loans & mortgages. Each of those dollars is destroyed when the debtor pays down the principal. ↩︎